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APAR INDUSTRIES Gains 7%; BSE CAPITAL GOODS Index Up 2.6%
Mon, 29 Jul 14:19

APAR INDUSTRIES  Gains 7%; BSE CAPITAL GOODS Index Up 2.6%Image source: ipopba/www.istockphoto.com

APAR INDUSTRIES share price has zoomed 7% and is presently trading at Rs 8,785.9.

Meanwhile, the BSE CAPITAL GOODS index is at 75,287.0 (up 2.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are GRINDWELL NORTON (up 5.6%) and AIA Engineering (up 4.4%).

SKF India (down 1.0%) and GMR Infra (down 0.6%) are among the top losers today.

Over the last one year, APAR INDUSTRIES has moved up from Rs 3,813.3 to Rs 8,785.9, registering a gain of Rs 4,972.6 (up 130.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 42,459.1 to 75,287.0, registering a gain of 77.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 228.1%), HINDUSTAN AERO. (up 161.6%) and Bharat Electronics (up 153.6%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,284.7 (down 0.1%).

The top losers among the BSE Sensex today are Titan (down 2.7%) and Bharti Airtel (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,798.1 (down 0.2%). Titan and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,284.7, registering a gain of 14,929.0 points (up 22.5%).

APAR INDUSTRIES Financial Update...

APAR INDUSTRIES net profit fell 2.7% YoY to Rs 2,362 million for the quarter ended March 2024, compared to a profit of Rs 2,428 million a year ago. Net sales rose 9.1% to Rs 44,551 million during the period as against Rs 40,843 million in January-March 2023.

For the year ended March 2023, APAR INDUSTRIES reported 148.4% increase in net profit to Rs 6,377 million compared to net profit of Rs 2,567 million during FY22. Revenue of the company grew 54.0% to Rs 143,522 million during FY23.

The current Price to earnings ratio of APAR INDUSTRIES , based on rolling 12 month earnings, stands at 42.7.


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